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Mobile money, financial inclusion and development: A review with reference to African experience
journal contribution
posted on 2020-05-01, 09:43 authored by Ahmad Hassan AhmadAhmad Hassan Ahmad, Christopher Green, Fei JiangWe survey literature on mobile money and its contribution in promoting financial inclusion and
development, with a focus on sub-Saharan Africa. We use taxonomic, descriptive and analytical
methods to evaluate the state of knowledge in the area. We analyse how mobile technology in
general may contribute to economic development and financial inclusion in theory and practise.
We explain the mechanics of mobile money using Kenya’s M-Pesa as a canonical example; and
consider whether the literature has fully established the potential economic impact of mobile
money especially its contribution to financial inclusion. We also consider market structure,
pricing and regulatory implications of mobile money. We conclude by highlighting issues that
require further investigation: the take-up of mobile money; mobile money and financial
inclusion; substitutability between mobile money and conventional finance; and regulatory
structures for institutions providing mobile money services.
Funding
ESRC-DFID Growth Research Programme (DEGRP) (Green)
History
School
- Business and Economics
Department
- Economics
Published in
Journal of Economic SurveysVolume
34Issue
4Pages
753 - 792Publisher
WileyVersion
- VoR (Version of Record)
Rights holder
© The AuthorsPublisher statement
This is an Open Access Article. It is published by Wiley under the Creative Commons Attribution 4.0 Unported Licence (CC BY). Full details of this licence are available at: http://creativecommons.org/licenses/by/4.0/Acceptance date
2020-04-27Publication date
2020-05-28Copyright date
2020ISSN
0950-0804eISSN
1467-6419Publisher version
Language
- en
Depositor
Dr Ahmad Hassan Ahmad . Deposit date: 30 April 2020Usage metrics
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